Corporations can also fix their tax filings by submitting an amended T2 Corporation Income Tax Return. This generally involves preparing a revised T2 package and including a letter of explanation. It's important to make sure all supporting documents are updated to reflect the change. If youโre adjusting more than one year, each return needs its own correction.
For GST/HST returns, changes are made by filing an adjustment request for the period in question. You can do this online through your CRA business account or by sending in Form GST189. Just like with income tax returns, you'll need to explain the reason for the adjustment and attach any relevant documentation.
In all cases, accuracy matters. Filing an adjustment doesnโt guarantee CRA acceptance; they review your submission carefully.
Objection within 90 days of the (re)assessment to the CRAโs Appeal Division for a review by an appeals officer, and you need to know:
An objection allows you to challenge how the CRA has interpreted your tax situation by showing why the original assessment was incorrect or incomplete, based on facts, documentation, and the proper application of tax law. It is also needed to preserve your rights in case you want to appeal to the Tax Court of Canada; filing an objection is a legal requirement before you can appeal to the Tax Court.
That said, our team prioritizes submitting objection packages that are airtight and accepted without having to go to court, and we have a long list of happy clients whoโve given us reviews and referrals because of our success rate.
In limited cases, you can apply for an extension of the 90 days, but the window is narrow, and the criteria for acceptance are strict. And except for GST/HST, which the CRA can start collecting immediately after an assessment, reassessment or audit, while your objection is under review, the CRA generally wonโt take collection action on the amounts in dispute. But that doesnโt mean the clock stops: interest continues to accumulate, so acting promptly helps get this over with faster and can save you money.
Our team prepares objections that are strategic, well-argued, and grounded in law and precedent. We understand what the CRA needs to see and how to get objections allowed so your case doesnโt reach this stage.
Responding to an audit without experienced guidance can lead to:
We know the audit process inside and out. They know how to organize your records, communicate with CRA auditors, and advocate for your interests.
That said, audit solutions aren't one-size-fits-all. Some situations can be resolved quickly with a clear explanation and supporting documents, like bank statements from a TFSA during a tax shelter audit, for example. Others might involve a more involved back-and-forth to verify transactions during a GST audit, as another example. Either way, do not face it alone. If youโre facing a personal or corporate audit, our team helps protect your rights and can get you the best possible results.
When estate plans are vague, incomplete, or poorly structured, the CRA may challenge asset valuations, tax filings, or even the legality of past income declarations. That puts executors in a tough spot. They might be audited, face late penalties, or get drawn into time-consuming negotiations with the CRA. In more serious cases, estates can be reassessed years after death, leading to unexpected liabilities.
We help clients anticipate these scenarios before they become problems. Whether itโs preparing for probate, calculating the tax impact of specific bequests, or resolving posthumous tax disputes with the CRA, our focus is on protecting what youโve built and keeping your estate out of conflict.
If youโre the executor of an estate under CRA review or you're building your own plan and want to avoid those reviews altogether, weโre here to guide you.
Trying to manage it all on your own means learning complicated tax laws under pressure, often while the CRA is already moving forward with enforcement. The Tax Audit Help team will protect your rights, manage deadlines, and give you the space to make informed decisions.
Responding to an audit without experienced guidance can lead to:
We know the audit process inside and out. They know how to organize your records, communicate with CRA auditors, and advocate for your interests.
That said, audit solutions aren't one-size-fits-all. Some situations can be resolved quickly with a clear explanation and supporting documents, like bank statements from a TFSA during a tax shelter audit, for example. Others might involve a more involved back-and-forth to verify transactions during a GST audit, as another example. Either way, do not face it alone. If youโre facing a personal or corporate audit, our team helps protect your rights and can get you the best possible results.